Identify the incorrect statement about warehouse clubs.
a. They charge patrons an annual membership fee.
b. They sell a limited selection of brand-name grocery items, appliances, and clothing.
c. These mature-stage retailers operate out of enormous, low-cost facilities.
d. They sell a vast, unlimited selection of miscellaneous items at a deep discount.
e. Warehouse stores, which have low costs because they buy products at huge quantity discounts and use limited labor, usually have low gross margins.
Answer: D